lindt & spruengli ag-reg (LISN) Details

Chocoladefabriken Lindt & Sprüngli AG, together with its subsidiaries, develops, produces, and sells chocolate products worldwide. The company sells its products under the Lindt, Ghirardelli, Caffarel, Hofbauer, and Küfferle brand names. Chocoladefabriken Lindt & Sprüngli AG was founded in 1845 and is headquartered in Kilchberg, Switzerland.

lindt & spruengli ag-reg (LISN) Top Compensated Officers

lindt & spruengli ag-reg (LISN) Key Developments

Chocoladefabriken Lindt & Spruengli AG Reports Sales Results for the Fiscal Year of 2014; Provides Earnings Guidance for the Full Year of 2014

Jan 13 15

Chocoladefabriken Lindt & Spruengli AG reported sales results for the fiscal year of 2014. For the period, the company's group sales, including acquisition of Russell Stover/Whitman's was CHF 3.39 billion, increased by 17.4%.
The company provided earnings guidance for the full year of 2014. For the period, the company expects to improve the EBIT margin in 2014 against the previous year within the range of the medium-term target of 20 to 40 basis points, excluding the acquisition of Russell Stover/Whitman's. Including Russell Stover/Whitman's and the one-off transaction costs, the EBIT margin is expected to be about the same as the previous year.

Chocoladefabriken Lindt & Sprungli AG announced successful placement of total of CHF 1 billion bond financing, comprising the following three tranches CHF 250 million floating rate bonds 2014 - 2017 with a floating interest rate based on three-month CHF LIBOR plus 0.18% payable quarterly as per January 8, April 8, July 8, October 8. The first interest payment will be made on January 8, 2015, and final interest payment on October 6, 2017. CHF 500 million bonds 2014 - 2020 with a fixed coupon of 0.5% per annum. The interest payments will be due on an annual basis, starting October 8, 2015. CHF 250 million bonds 2014 - 2024 with a fixed coupon of 1.0% per annum. The interest payments will be due on an annual basis, starting October 8, 2015. With this seamlessly executed transaction in the domestic Swiss bond market, Lindt & Sprungli secures CHF 1.0 billion three-tranches bond financing at very attractive terms in a historically low interest rates environment. In parallel, the transaction enables Lindt & Sprungli to diversify and broaden its investors base, as well as to establish a staggered maturity profile underpinning the Group's conservative financial profile and strategy. All the three tranches were broadly allocated to institutional, private banking and retail investors.

Chocoladefabriken Lindt & Sprüngli AG strengthens top level management with immediate effect. Ralf Fallegger, former member of the Extended Group Management, is appointed as a member of the Group Management. In 2009, he returned to the Swiss base and has been a member of the Extended Group Management since 2011. In his function at Group level Rolf Fallegger is responsible for the development of specific markets. The enlargement of the Group Management and the resulting strengthening of the management structure is an important and future oriented step in view of the adaptation of the Group wide organization to the challenges of the future and the ongoing geographic expansion.

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.